Business / Agriculture / North American Free Trade Agreement (NAFTA): A multilateral agreement negotiated by the United States, Canada and Mexico that sets forth agreements to lower and/or eliminate unfair trade barriers that affect the trade of goods and services between the three countries. NAFTA entered into force on January 1, 1994. The agriculture portion of NAFTA effectively is three bilateral agreements: U.S./Mexico, Mexico/Canada, and U.S./Canada. The U.S.-Canada agricultural agreement in NAFTA was negotiated previously as part of the U.S.-Canada Free Trade Agreement.
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Agreement Noun Synonyms: understanding, covenant, treaty, pact, accord, compact, settlement, concordat, contract, bargain, deal
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Free Adverb Synonyms: set free, set at liberty, enfranchise, release, let go, liberate, let out, let loose, unloose, unchain, unfetter, uncage, emancipate, disenthrall, manumit, pardon, parole, furlough
Free Verb Synonyms: relieve, rid, unburden, disburden, disencumber, unbosom, rescue, redeem
Free Noun Synonyms: at liberty, unfettered, unchained, unshackled, unconfined, untrammelled, unencumbered, unrestrained, unrestricted, unconstrained, uncontrolled, free-born, independent, self-governing, self-governed, self-ruling, autonomous, democratic, sovereign
Free Adjective Synonyms: liberated, at large, let go, let off, emancipated, delivered, manumitted, set free, unshackled, unfettered, released, freed, loose, out, sprung, on the loose
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Trade Noun Synonyms: exchange, swap or swop, interchange, switch, barter, return
Trade Adjective Synonyms: commerce, business, traffic, exchange, barter, dealing(s), buying and selling, merchandising, marketing, mercantilism, truck
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Business / Agriculture / Trade Adjustment Assistance: Assistance provided by the Departments of Labor and Commerce to workers and firms that are adversely affected by increased imports. The Labor Department administers a program offering certified worker MORE
Business / Agriculture / Free Trade Area: A group of countries that have removed trade barriers among the members, but each country may maintain its own trade regime with nonmember countries. The best known current example is the North Americ MORE
Business / Agriculture / North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. NAFTA subs MORE